annual report2016

to the community

The second new fund is very different from the JMD Fund for Needy Families simply because the donor made different choices. The Gerald D. Abel Fund is a fund established from an estate. The $1.3 million endowment will forever provide grant funds to address

the issues of veterans and children in the

Grundy region. What choices did this donor make? a. The fund was established by the heir of an estate who chose to name the fund after her family member, Gerald D. Abel; b. Even though Mr. & Mrs. Abel made their retirement home in Florida, the donor chose to establish the fund to

impact their home region; c. The donor chose an endowed fund so that 4% of the fund will be granted

yearly to charities…forever; d. The donor chose the issues of “veterans and children” as they were

near and dear to the heart of Mr. Abel; e. The donor set up this fund as a field of interest fund so that CFGC’s Grants

& Program Committee can make grants to the organizations they believe are best suited to impact the issues of veterans and children in the Grundy

region.

These two funds illustrate the numerous choices that donors make when establishing new funds to meet their charitable goals. As you ponder your charitable goals and legacy, remember the flexibility of donor-designed funds at the Community Foundation of Grundy County.

Want to learn more? Please call us at 815-941-0852 or stop by our office at 520 W. Illinois Avenue in Morris. You can also view and download examples and a New Fund Questions form at http://cfgrundycounty.com

Big and small impacts allThe Community Foundation of Grundy County (CFGC) added new donor-designed funds in 2016 and two of them are as opposite as they come. We highlight them as examples of the choices that donors get to make when setting up a new charitable fund at CFGC.

The JMD Fund for Needy Families is a field of interest fund to support seniors, people in need, and families in domestic violence situations in Grundy County. It was started with a $10,000 distribution from an IRA by a donor who is age 70 ½ or older, who now won’t pay income taxes on that IRS distribution.

What choices did this donor make when setting up this new fund? a. It has an anonymous name chosen by the donor who doesn’t want the world

to know his/her charitable giving details; b. It is a field of interest fund – one of the five (5) types of donor-designed funds offered by CFGC; c. The issues to address through the fund’s grants are important to the donor; d. It was funded through an IRA distribu- tion as a tax-avoidance measure; e. It is the donor’s plan to re-stock the fund each year through another IRA distribution; f. The fund is non-endowed so that all of the annual distribution can be granted out to organizations selected by the donor.

Angels of Hope

Augustana College

Big Brothers Big Sisters

of Will & Grundy Counties

Boy Scout Troop #469 Morris

Boy Scout Troop #471 Morris

Breast Intentions Illinois

Catholic Charities - Diocese of Joliet

Catholic Education Foundation-Diocsee of Joliet

Christian Youth Center of Morris

Community Foundation of Grundy County

Community Nutrition Network

Doctors Without Borders

First Presbyterian Church Morris

First Presbyterian Church Morris

Foundation

Grand Ridge Cemetery

Grundy Area P.A.D.S.

Grundy Chapter of

Ambucs

Grundy Community Volunteer Hospice

Grundy County Health Department

Grundy County

Historical Society

Grundy County Mental

Health Court

Grundy County

Treasurer

Grundy-Three Rivers Habitat for Humanity

Guardian Angel Community Services

Habitat for Humanity

Hope Helps

I & M Canal Corridor Association

Illinois Valley Community College

Illinois State University - Milner Library

Illinois Valley Industries

Immaculate Conception Parish

Immaculate Conception School

Joliet Junior College

Junior Achievement of Chicago

Lewis University

Little Brothers Friends of the Elderly

Little Sisters of the Poor

MCHS Chipp’in-In Club

Minooka Community High School

Morris Area Public Library

Morris Community High School

Morris Community YMCA

Morris Hospital

Morris Hospital Auxiliary

Morris Hospital Foundation

Morris Theatre Guild

Operation St. Nick

Our Lady of the Gulf

Parkview Baptist Church Foundation

Ronald McDonald House Charities

Saratoga School

Trinity Foundation

United Way of Grundy County

Veterans Assistance Commission

We Care of Grundy County

Will-Grundy Center for Independent Living

Zion United Church of Christ

2016 Grant RecipientsStatement of ActivitiesPresident’s Commitment

Statement of Financial Position

Grants Sub-Total by Fund Type**

2015 2016

Revenue Contributions and donations $502,493 $964,799Grand Victoria Foundation grant $0 $0 Interest and dividends on investments $128,435 $91,374 Fee income from donor funds $86,809 $92,788 Miscellaneous income $11,330 $13,725 Net gain/loss on investments $(297,256) $251,634

Total Revenue $431,811 $1,414,320

Expenses

Grants and programs $570,522 $424,261 Administrative salaries, occupancy, & misc office expense $112,878 $110,917 Fundraising $4,755 $8,473

Total Grants and Expenses $688,155 $543,651 Net Revenue $(256,344) $870,669

Fund Balances

Balances at beginning of year $6,168,747 $5,912,403 Net revenue $(256,344) $870,669 Balances at end of year $5,912,403 $6,783,072

Assets

Cash $223,673 $288,404 Investments at market value $5,454,419 $6,270,107 Savings and short-term cash investments $0 $0Land, buildings, and equipment (basis less accumulated depreciation) $234,311 $ 224,561

Total assets $5,912,403 $6,783,072

Liabilities Other liabilities $0 $0Total liabilities $0 $0

Total fund balances $5,912,403 $6,783,072

Agency Funds $0 $5,000Designated Funds $48,600 $47,239Donor Advised Funds $95,415 $90,980Field of Interest Funds $0 $11,400Scholarship Funds $1,000 $1,000CFGC Unrestricted Funds $35,400 $35,199

Total 2016 Grants $180,415 $190,819

For over 18 years the Community Foundation of Grundy County has been working to preserve and enhance the quality of life in Grundy County. We do this by:

• providing leadership to identify important needs, concerns, and opportunities, • using our grantmaking to respond to those needs and effect change, • partnering with local not-for-profit organizations to strengthen their abilities to help serve our citizens, and

• partnering with donors to receive and manage funds that will support the community for generations to come.

I would like to speak briefly about what the Foundation is doing on each of the above.

1) Leadership - For some time now the Foundation’s Board of Trustees has been talking about how we can help our fellow agencies have more money to spend. These groups have already invested their money with the Foundation long term. Effective July 1, 2017, the Trustees have reduced the administration fees from 2% to 1% for agency funds and designated endowment funds. Cutting our fees in half will provide more money back to the community.

2) Grantmaking - For several years the Board of Trustees has been increasing our grantmaking budget from $20,000 to $25,000, and this year to $30,000. We have also been working with high schools in Seneca and Coal City on Youth Philanthropy. These high school students have learned about philanthropy, listened to presenta-tions by local not-for-profits, and then decided where those Youth Philanthropy monies will go. The Foundation does respond to community needs.

3) Partnering - The Foundation continues to hold regular meetings with local not-for-profit organizations and outside speakers, to help them strengthen their board’s bylaws, policies and procedures, budgets, finances, auditing and transparency. These presentations have been well received.

4) Donors - This past year has seen several new donor funds started, one of which came as a result of a Last Will and Testament. The Gerald D. Abel fund will help youth and veterans in our county, the Minooka Lions Club will support that community, and the JMD Fund for Needy Families will provide support to organizations who serve seniors, people in need, and families in domestic violence situations. The Foundation now has several scholarship funds in both Minooka and Morris.

I hope this helps you better understand how the Community Foundation of Grundy County continues to be a strong presence in our county.

Ralph Wolter, Presidentof the Board of Trustees

*2015 was an unusual year due to donations and grants for the June 2015 Coal City tornado.

**Not including tornado grants.

Funds Managed

Agency Funds

*CFGC Legacy Fund

*Morris Cemetery Association*Morris HS Foundation EndowmentRunning for Life NFP Fund*Saratoga School Endowment*We Care of Grundy County Endowed Fund

Donor Designated Funds

*Bowker/Ostrem/Meadors Library Fund

*Duane H. Schroeder FundEvenson YMCA Fund*Golimowski Scouting Fund*Holderman/Meadors Hospital Fund*Hynds ICS Endowed*Minooka HS Endowment in Memory of Allison Rivera*Morris Family YMCA FundMorris YMCA Non-Endowed Fund

*Peter Hoaglund Memorial Golf Fund

*Presbyterian Music FundMCHS Ciota Endowment*MCHS Espi Siron Endowment*MCHS Eugene L. Funk Endowment*MCHS Fred W. Anderson Endowment*MCHS Mark McTague Endowment*MCHS Roger Gordon Endowment

Donor Advised Funds*Baum Endowed FundBaum Non-Endowed Fund

Baum Scholarship Fund*Borgstrom Endowed FundBorgstrom Family FundDr. John & Judie Roth Fund*Roger Eslinger Endowed Fund

*Hynds Community Health Fund

Jack & Karen Hynds Fund*Ken & Joan Sereno EndowmentMinooka Education Fund*Rezin Endowed FundRezin Family FundRon & Jackie Wohlwend Fund

*Roth Endowment for Community Health FundSereno FundTesdal Family FundThe Twilight Fund

*Wohlwend Endowed FundWolter Family Fund

Field of Interest Funds

Community Beautification Fund

*Communityworks Endowment*Gerald D. Abel Family Endowment**Grundy Bank Music FundIMPACT Dwight FundIMPACT Dwight K-9 FundJMD Fund for Needy

Families**Lois Lundy Fund for

Mental HealthMinooka Lions Club Community Fund**Womens Giving Circle

Scholarship Funds

*Muffler Scholarship Fund

If you would like to make a contribution to the Community Foundation of Grundy County, please include this form with your donation to:

Name

Address

Phone Email

Enclosed is my tax-deductible gift of $

Also, my gift is in memory/honor of(Make checks payable to Community Foundation of Grundy County.)

520 W. Illinois Ave.Morris, Illinois 60450

* = endowed **= new fund in 2016

Albertsons Companies FoundationAux Sable Liquid ProductsBalasa Dinverno Foltz, LLCChamlin & AssociatesChenoa Methodist Church

D ConstructionDonico, Inc.Edward JonesErienna TownshipFirst Midwest BankFirst Presbyterian Church MorrisFruland Funeral HomeGFWC Illinois Nancy’s BluebirdsGrundy BankHarvard Savings Bank/Morris Building & LoanHoffman TransportationJewel Osco

Kendall County TreasurerKohl’s Community RelationsLyondell-BasellMinooka Lions ClubParker Kemp FoundationSaratoga SchoolTeska AssociatesThe Twilight Fund

Three Rivers Association of Realtors

Mr. & Mrs. John AdlerMr. & Mrs. Larry AllenMr. Scotty AllisonMr. & Mrs. Bruce BakerMrs. Helen BakerMr. & Mrs. Chris BalkemaMr. & Mrs. Steven BatesMrs. Virginia BellamyMr. & Mrs. David BenningtonMrs. Mary Lou BenningtonMr. Scott BensonMr. & Mrs. Dennis BestMr. John Boma & Dr. Susan DahlinMr. & Mrs. Robert BorgstromMr. & Mrs. Chris BorgstromMr. & Mrs. Gary BoundsMr. & Mrs. Robert BreischMs. Karen BreitwieserMr. & Mrs. Scott BreuningMr. & Mrs. Peter BrummelMr. & Mrs. Ken BuckMr. & Mrs. Bernie BurlaMr. & Mrs. Patrick CareyMr. & Mrs. Guy ChristensenMr. Randall Corban

Mr. & Mrs. Jerry DavidsonMrs. W.F. DolezalMs. JoAnn DollingerMr. & Mrs. Dan DransfeldtDr. & Mrs. Robert EngleMr. & Mrs. Ronald EvensonMr. & Mrs. Mark FaheyMr. & Mrs. Steve FanninMr. & Mrs. Michael FarrellMr. & Mrs. Jim FeeneyMrs. Patricia FeeneyMr. & Mrs. David FergusonMr. & Mrs. Alan FerrariMr. & Mrs. Jay FillmanMr. & Mrs. Robert FitzerMr. & Mrs. Michael FranciskovichMr. & Mrs. Bob FunkMr. Marc GagliardoMr. & Mrs. Alan GagliardoMr. & Mrs. Brian GagliardoMr. & Mrs. Jason GagliardoMr. Paul GantzertDr. & Mrs. Todd GayMr. Daniel GreggainMr. & Mrs. Tim HartyMr. & Mrs. Fred HauchMr. & Mrs. Dan HavelMr. & Mrs. Harold HeadrickMs. Norma HedgesMr. Jason HellandMr. & Mrs. Bennie HellandMr. & Mrs. Craig HerrickMr. Harold HigginsMrs. Suzanne HoaglundMs. Beth HobbyMr. Kevin HoffmanMr. & Mrs. Allen HoffmanMr. & Mrs. Robert HuntMr. & Mrs. Jack HyndsMr. & Mrs. Ken IversonMr. & Mrs. Alfred JenkinsMr. & Mrs. Frank JenkinsMr. & Mrs. Donald JenningsMrs. Juanita JenningsDr. & Mrs. Larry JohnsonMr. & Mrs. Steve JorstadMr. & Mrs. Donald KaufmanMrs. Luella KelloggMrs. Teresa KerncMr. Stephen KezerleMr. & Mrs. Chris KindelspireMr. & Mrs. Tom KindelspireMr. & Mrs. Dick Kopczick

Mrs. Lindy KowskyMr. Brett LardiMrs. Juanita MaloneMr. & Mrs. Rick MarkettiMr. & Mrs. Robert MarsagliaMrs. Carol MartinMr. & Mrs. Bruce MattesonMr. Michael MattinglyMr. & Mrs. Kevin MeanyMr. & Mrs. Patrick MinoMrs. Sue MorseMr. & Mrs. Louis NarettoMr. & Mrs. Robert NarvickMr. Neal NelsonMr. Terry NovotneyMr. & Mrs. Kevin OlsonMr. & Mrs. Richard Parrish

Mr. Harold PaulsonMrs. Anne PeacockMr. & Mrs. Steve PhillipsMr. & Mrs. Daniel ReadMr. & Mrs. Dennis ReszMr. & Mrs. Joe RiveraMrs. Connie RiveraMr. & Mrs. Robert RogersMrs. Kathy RominesMr. & Mrs. John RooksMr. & Mrs. Jay RothMr. & Mrs. Roger SchlickmanMr. & Mrs. Joe SchmitzMr. Gary SchumalMrs. Judy SchweickertMr. & Mrs. Brent ScroghamMr. Richard SeftonMr. & Mrs. Ken SerenoMr. & Mrs. Jeff ShawMs. Tricia SimpsonMr. Ben SiskMrs. Beverly SpanglerMr. & Mrs. John Sparrow

Mr. & Mrs. Dale StarksDr. Ann Marie Struck & Mr. Paul JungMr. & Mrs. Robert TrotterMr. Ronald VarlandMr. & Mrs. Keith ViltMr. & Mrs. Herbert VoigtsMs. Barbara VoitMr. & Mrs. Dick WalkerMrs. Virginia WalshMs. Lisa WernliMr. & Mrs. Tim WestMr. & Mrs. John WilkinsonMr. & Mrs. Scott WilkinsonMr. & Mrs. Ralph WolterMr. & Mrs. Jim Wright

2016 Donor List

Want to learn more? Please visit our website to see more examples of how we are improving the quality of life in Grundy County through Leadership & Philanthropy!

http://cfgrundycounty.com

2016 TrusteesRalph Wolter, President

Ben Johnston, Vice PresidentJay Fillman, Secretary/Treasurer

Board of Trustees

Jim BaumKristi Bennington

Nancy Bjelland

Lois Darlington

Lorraine Davidson

Dave Ferguson

Chris HartyMichael MattinglyAnn Marie Struck

Julianne Buck, Executive DirectorDevan Gagliardo, Program DirectorJudy Hauch, Accounting Manager

Investment CommitteeCharlie Gibbs

Dick Sefton

Grants & Programs Committee Patricia NeffFred Kieslar

Jim King, Investment AdvisorBalasa Dinverno Folta, LLC

***** ECRWSS*****

Local postal customer

Community Foundationof Grundy County

520 W. Illinois Ave.Morris, Illinois 60450